en.Wedoany.com Reported - European logistics warehousing area leasing grew by 9% in the first quarter compared to the same period in 2025, but the market still faces challenges such as geopolitical tensions, rising energy and oil costs, a shortage of modern logistics supply, and grid capacity constraints. Meanwhile, the transformation of the European defense industry towards technology and innovation models is expected to open up new market niches.
In Spain, the growth in e-commerce shipment volumes and the consolidation of the 24-hour delivery model are driving transformation in the logistics real estate sector, prompting companies to redesign facilities, increase last-mile delivery space, and enhance automation. The country's market leased over 751,000 square meters in the first quarter, achieving a slight year-on-year increase of 5% despite macroeconomic instability.
In the central region, Dunas Capital Real Estate completed a €56 million structured refinancing transaction provided by Invesco Real Estate, secured by the Chiloeches logistics platform developed for Ontime. The facility, with a building area of 50,000 square meters, was inaugurated this month and aims to support Ontime Pharma's growth. Goodman delivered its central hub project in Getafe to Seur, with an investment of €100 million. GSE Iberia and Elis inaugurated a new plant in the town of Illescas, Toledo province, and Aliseda sold a logistics warehouse in Alovera to a domestic family office. In the data center sector, Equinix launched two new data centers in Alcobendas, with a total investment of €460 million in the campus.
In Catalonia, the Barcelona Metropolitan Area Industrial Agreement signed an agreement with the Barcelona-Catalonia Logistics Center to jointly attract logistics and industrial investment, promote training and employment, and develop sustainability, the circular economy, and renewable energy. P3 continues to advance the development of the Reus project, which has a building area of 111,250 square meters, making it the largest logistics project under construction in Catalonia. Prologis plans to start construction on its Zona Franca DC1 project by the end of this year. Milepro Logística has sold two assets in Madrid and Barcelona, which have been leased to Palibex and Dachser. Digital Realty's new data center in Sant Adrià de Besòs has become operational.
Logistics inventory in the Valencian Community has exceeded 6.4 million square meters, of which 4.7 million square meters are in the province of Valencia. Alicante became the focus this month, with Carmencita inaugurating a new logistics warehouse covering over 10,000 square meters in the Elche Industrial Park. In the Zaragoza market, the joint venture between Engel & Völkers Development and Nuveen Real Estate completed its first divestment, selling two logistics warehouses to Aquila Capital Investment. P3 will develop a new logistics park at risk in the Plaza development zone, expected to be available for use in Q4 2027.
In other regions, the Alcalá de Guadaíra City Council has issued a construction permit to EQT Exeter for the development of a major new logistics and industrial project. The Castile and León regional government has launched a tender for technical assistance services for the project design and construction supervision of the "Camino Francés" industrial park. Albo has chosen to exercise its purchase rights for three plots in Plisan, having started operations on the Plisan platform in October 2022. Google has purchased land in the Cantabria Technology Park for the construction of a data center.
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